The 2014 Asia-Pacific Forum on Financial Inclusion will provide an opportunity to review trends, recent achievements, and challenges and opportunities related to financial inclusion and discuss how these developments are impacting different markets. The forum will strengthen capacities of government officials from developing member countries of ADB in implementing financial inclusion initiatives, as well as to provide policy suggestions in promoting financial inclusion in the region.
Although activities related to financial inclusion have been pursued in many countries as early as 2000, it was only in 2009 during the G20 Pittsburgh Summit that financial inclusion as a development agenda gained great political momentum. Since then policymakers across the globe, including in Asia, have paid more attention to financial inclusion issues, as evident in a number of initiatives being implemented to support innovative financial inclusion at the country and regional levels.
Within Asia, financial inclusion has been elevated at regional discussions in APEC and ASEAN, and governments have intensified efforts to develop concrete and practical financial inclusion programs to reach underserved individuals, households, and self-employed entrepreneurs. Despite progress, however, significant challenges for financial inclusion in Asia prevail, given the economic and social diversity in the region. Of critical importance is the need to address issues related to (i) increasing access to financial services for underprivileged groups particularly for lending, insurance, and remittance; (ii) developing innovative financial products and instruments for the poor; (iii) strengthening consumer protection; and (iv) promoting financial literacy.
The 2014 Financial Inclusion Forum is a follow up to the previous forums organized by ADBI in collaboration with the APEC Business Advisory Council (ABAC) since 2011. It is an integral part of the annual work program of ABAC's Finance and Economics Working Group, as well as of the Advisory Group on APEC Financial System Capacity Building, the platform through which ABAC collaborates with a wide range of international organizations and public and private sector institutions on financial issues.
Previous forums were jointly organized by ADBI and ABAC in Japan (2011), Australia (2012) and Indonesia (2013).
- In-depth analysis and understanding of the achievements and challenges of promoting financial inclusion in Asia and Pacific.
- Identify context-specific strategies needed for effective implementation of innovative financial inclusion in the region.
- Identify best practices and lessons in the design and implementation of financial inclusion projects in each country, taking into account special circumstances and constraints.
- Promotion of good governance policies and practices in financial inclusion, particularly on issues related to (i) financial innovation and instruments, (ii) SME financing, microfinance and lending; (iii) consumer protection, and (iv) financial literacy.
- Better understanding and enhanced capacity of developing member countries in promoting financial inclusion.
- Enhanced dialogue and network among government agencies, international organizations, and the private sector to promote financial inclusion.
- Summary of proceedings and full report of the 2014 Financial Inclusion Forum (to be jointly developed by ADBI and ABAC) for submission to the APEC Finance Ministers in September 2014, including uploading of relevant conference presentations and other materials at ADBI and ABAC/APEC websites.
Mid to senior level government officials.
How to register
Participation is by invitation only.
Actively participate in discussions and share views and experiences with others.
China Ministry of Finance (through the Asia-Pacific Development Centre, AFDC), APEC Business Advisory Council (ABAC), and The Foundation for Development Cooperation (FDC).Stay up to date Subscribe to our newsletter and get the latest issues, news, events, jobs and data in your e-mail inbox.